● Sava pension company (Sava) was established as а green field investment in 2005 and acquired by the Sava Insurance Group in 2018. It manages a mandatory and a voluntary pension fund, whose portfolios are invested mainly in local bonds alongside foreign and local equities. Both funds have a long-term annual target return of 4%.

● Sava believes what sets it apart from other local pension companies is investing in the professional development of its employees in a way that improves the investment process and yields results. Three out of four employees in the investment department and two of four in risk management are either CFA Level II candidates or are awaiting CFA Level I results. Sava is the only institutional investor in the Republic of North Macedonia which claims compliance with the CFA Institute Asset Manager Code.

● A crucial theme is raising the awareness of retirement planning through digital media. In 2021, Sava was the first pension company in the country to launch a blog portal, Never Alone, to communicate with members in a simple, interesting and easily understandable way. The content is created by employees, providing a personal touch. Content is split into different categories and, during the past two years, over 100,000 visitors have read the content; for the first eight months of 2023, visits were up 26% over the same period for 2022.

● Sava’s mobile application, developed inhouse, focuses on client needs and protecting the environment, via digitisation. It allows members to update their personal data, choose communication preferences and discover products and services via links to the Sava website. They can also receive their annual pension statement by e-mail rather than paper. In 2022, Sava launched Update and Donate, through which it donates to a children’s hospital in return for members’ use of the app.